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Earlier in February the anti trust watch dog had released a statement about fining these tyre companies a total of ₹ 1,788 crores (of which Apollo Tyres fined ₹ 425.53 cr.) for sharing price sensitive information among themselves to manage their cartelization of tyre prices for supplies to the public transport corporation of Haryana state.
Apollo Tyres India: 1972 Apollo, [2] Apollo Tyres South Africa, [a] Bearway, [3] Kaizen, Maloya, Regal, Vredestein: Birla Tyres India: 1991 Birla Tyre [4] Belshina Belarus: 1965 Belshina [5] Bridgestone Japan: 1931
In December 2013 Sumitomo Rubber Industries acquired Apollo Tyres South Africa (Pty) Ltd from Apollo ... The Falken brand is considered a low-price brand tire in the ...
An Indian company named Apollo Tyres agreed to buy Cooper Tires for $2.5 billion on June 12, 2013. This would have made Goodyear Tire & Rubber Co. the only major tire manufacturer left in the United States. [17]
On 12 June 2013 Apollo Tyres Ltd announced the acquisition of Cooper Tire & Rubber Company in a US$2.5 billion deal. This would have turned Apollo Tyre into the world's seventh-largest tyre company, with combined global revenue of an estimated US$6.6 billion, according to Tire Review data, [ 6 ] but on 30 December 2013, the Cooper acquisition ...
Kanwar has grown Apollo Tyres from a small single-plant Indian company into a multinational with seven plants worldwide, and annual revenues in excess of US$ 3 billion. [7] In June 2013, it was reported that Apollo Tyres would buy US-based Cooper Tire & Rubber Company for about $2.5 billion in a deal that would make it the world's seventh ...
In April 2022, the Competition Commission of India raided the headquarters of CEAT along with other tyre companies like Apollo Tyres, MRF (Madras Rubber Factory) and Continental Tyres at multiple locations. Earlier in February the antitrust watch dog had released a statement about fining these tyre companies a total of Rs 1788 crores (of which ...
In 1985, Kanwar became the third generation of his family to join Apollo Tyres, which was launched by his grandfather Raunaq Singh and later taken over by his father Onkar Kanwar. His first position in the company was in the sales team. [4] In 2002, Kanwar took over daily operations from his father. [5]
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